PTC Inc. $PTC Shares Acquired by Bank Pictet & Cie Europe AG

Key Points

• Bank Pictet & Cie Europe AG significantly increased its holdings in PTC Inc. by 195.9% during Q2, owning 10,621 shares valued at approximately $1.83 million.
• PTC reported strong financial performance with $1.64 EPS for the last quarter, exceeding estimates by $0.42, and experienced a 24.2% year-over-year revenue growth.
• Analysts have given PTC a consensus rating of "Moderate Buy" with a target price around $202.14, indicating positive sentiment regarding its stock.

Bank Pictet & Cie Europe AG increased its holdings in PTC Inc. (NASDAQ:PTC - Free Report) by 195.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,621 shares of the technology company's stock after acquiring an additional 7,032 shares during the quarter. Bank Pictet & Cie Europe AG's holdings in PTC were worth $1,830,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of PTC. Dakota Wealth Management increased its stake in PTC by 28.2% in the second quarter. Dakota Wealth Management now owns 29,696 shares of the technology company's stock valued at $5,118,000 after purchasing an additional 6,526 shares during the period. Public Employees Retirement System of Ohio grew its holdings in shares of PTC by 1.6% during the second quarter. Public Employees Retirement System of Ohio now owns 37,358 shares of the technology company's stock worth $6,438,000 after buying an additional 585 shares during the last quarter. Ballentine Partners LLC increased its position in PTC by 0.9% in the 2nd quarter. Ballentine Partners LLC now owns 8,565 shares of the technology company's stock valued at $1,476,000 after acquiring an additional 73 shares during the period. Norden Group LLC raised its stake in PTC by 15.3% during the 2nd quarter. Norden Group LLC now owns 3,280 shares of the technology company's stock valued at $565,000 after acquiring an additional 435 shares during the last quarter. Finally, Fifth Third Bancorp lifted its position in PTC by 26.3% during the 2nd quarter. Fifth Third Bancorp now owns 4,212 shares of the technology company's stock worth $726,000 after acquiring an additional 878 shares during the period. Institutional investors and hedge funds own 95.14% of the company's stock.

PTC Stock Performance

PTC opened at $202.71 on Friday. The stock has a market cap of $24.28 billion, a P/E ratio of 47.81, a P/E/G ratio of 2.10 and a beta of 1.18. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.89 and a quick ratio of 0.89. The stock's 50 day simple moving average is $208.08 and its 200 day simple moving average is $179.05. PTC Inc. has a 1-year low of $133.38 and a 1-year high of $219.69.

PTC (NASDAQ:PTC - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The technology company reported $1.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.22 by $0.42. The firm had revenue of $643.94 million during the quarter, compared to analysts' expectations of $582.12 million. PTC had a return on equity of 17.09% and a net margin of 20.74%.PTC's revenue was up 24.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.98 earnings per share. PTC has set its FY 2025 guidance at 6.630-7.030 EPS. Q4 2025 guidance at 2.100-2.500 EPS. As a group, equities analysts anticipate that PTC Inc. will post 4.46 EPS for the current fiscal year.

Insider Buying and Selling

In other PTC news, EVP Staats Aaron C. Von sold 1,988 shares of the firm's stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $216.29, for a total transaction of $429,984.52. Following the completion of the transaction, the executive vice president directly owned 15,743 shares in the company, valued at approximately $3,405,053.47. This trade represents a 11.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.32% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on PTC shares. Royal Bank Of Canada upped their price target on PTC from $224.00 to $235.00 and gave the stock an "outperform" rating in a research note on Thursday, July 31st. Cantor Fitzgerald set a $120.00 price objective on shares of PTC and gave the stock an "overweight" rating in a research report on Tuesday, July 29th. UBS Group reaffirmed a "buy" rating on shares of PTC in a report on Tuesday, July 29th. Stifel Nicolaus increased their price target on shares of PTC from $200.00 to $220.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Finally, Piper Sandler raised their price objective on shares of PTC from $180.00 to $200.00 and gave the company a "neutral" rating in a research report on Thursday, July 31st. Eleven research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat.com, PTC has a consensus rating of "Moderate Buy" and a consensus target price of $202.14.

PTC Profile

PTC Inc operates as software company in the Americas, Europe, and the Asia Pacific. The company provides Windchill, a suite that manages all aspects of the product development lifecycle(PLM) that provides real-time information sharing, dynamic data visualization, collaborate across geographically distributed teams, and enabling manufacturers to elevate product development, manufacturing, and field service processes; ThingWorx, a platform for Industrial Internet of Things; ServiceMax, a field service management solutions enable companies to asset uptime with optimized in-person and remote service and technician productivity with mobile tools.

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